HPE chief executive Meg Whitman will step down early next year

Meg Whitman Stepping Down as HP Enterprise CEO

"Today, Hewlett Packard moves forward as four industry-leading companies that are each well positioned to win in their respective markets", Whitman said in a statement tied to this afternoon's news. Whitman's spot will be filled by the company's current President, Antonio Neri.

Still, while Wall Street had been prepared for the succession plan, investors reacted negatively to the news.

For the first quarter of fiscal 2018, the company expects adjusted earnings in the range of 20 cents to 24 cents per share, below the Zacks Consensus Estimate of 27 cents per share. She remained as CEO at the newly streamlined HPE, prioritizing cloud services and spinning off product and consumer hardware to HP Inc.

Whitman, 61 with a multi-billion dollar net worth, is the only woman to serve as CEO of more than one Fortune 500 company. She also continues to be mentioned as a future political candidate, despite having been handily beaten in the 2010 California gubernatorial election by Jerry Brown.

In another she said: "So let me make this as clear as I can". She is simply going to take a little down time. "It's amusing, some [investors] were concerned about Meg at the start, and now they're concerned about who's going to replace Meg?" "Uber's CEO will not be Meg Whitman".

She said that she will remain as part of the board and added that she will not be running for office. "I don't think she's particularly happy when she's not".

Whitman had been in talks earlier this year to become CEO of Uber, but talks ultimately broke down after word of the discussions got leaked.

Here's an excerpt from my profile of Whitman that explores the possibilities for what she might do next.

Related News:

  • Oscar Pistorius' prison sentence doubled

    Oscar Pistorius' prison sentence doubled

    Pistorius can appeal the new sentence, according to Kelly Phelps, an adviser to his defense team, but no decision has been made. The NPA said the six-year sentenced was shockingly low and if they had allowed it to stand, it would have set a bad precedent.
    PV Sindhu in Hong Kong Open quarterfinals

    PV Sindhu in Hong Kong Open quarterfinals

    After winning the first game, Saina could not step up the pressure and was beaten by the Chinese shuttler in the next two games. With the victory, Sindhu bettered her head-to-head with the Japanese taking a 4-2 lead.
    Trump complains that players are the boss in the NFL

    Trump complains that players are the boss in the NFL

    The president blasted a plan, as reported by the Washington Post, that would keep NFL teams in the locker room next season during the national anthem .
  • Antonio Conte hails 'dangerous' Mohamed Salah ahead of Chelsea's clash with Liverpool

    Antonio Conte hails 'dangerous' Mohamed Salah ahead of Chelsea's clash with Liverpool

    In turn, I expect Chelsea to be patient, as much as they might smell an opportunity to play on Liverpool's vulnerabilities . For me, it's very hard to stay sitting and watch the game. "I consider him one of the best coaches in the world".
    Apple patent hints at foldable iPhone

    Apple patent hints at foldable iPhone

    The two halves of the screen would face each other or would be away from each other depending on how users fold the phone. The iPhone X and iPhone 8 may well be some of the best handsets on the market, but they're also pretty pricey.
    Mozilla To Build Breach Notifications Into Firefox Browser

    Mozilla To Build Breach Notifications Into Firefox Browser

    If you are adventurous you can use the Developer Edition of Firefox and download the GitHub resource to activate it. Hunt is working with Mozilla on the code, but isn't quite sure how the final feature will work.
  • Mitsubishi Materials says units falsified product data

    Mitsubishi Materials says units falsified product data

    The latest scandal served as an overall negative cue and dragged automotive issues lower in particular, brokers said. Although 525 customers were affected, none has yet to report safety issues and no products have been recalled.
    Google Home and Chromecast HEAVILY Discounted For Black Friday

    Google Home and Chromecast HEAVILY Discounted For Black Friday

    But out of the numerous retailers that are offering up the Google speaker, the promotion from Best Buy looks a bit more enticing. Highlights we've seen so far include some of the best price on Apple computers we've seen this Black Friday .
    Kerala win women's U-19 cricket match in one ball

    Kerala win women's U-19 cricket match in one ball

    Interestingly, Nagaland actually won a tournament, North-East-Bihar Under-19 trophy, to qualify for the Under-19 Super League. They were hard-earned runs for the left-handed Karunaratne, who got two reprieves on 17 and 21 in testing conditions.
  • Apple iPhone SE 2 releasing in July, report claims

    Apple iPhone SE 2 releasing in July, report claims

    Right now, it's already Friday in Australia and New Zealand and Apple's Black Friday deals have kicked off in the region. Apple is running similar deals in countries other than the USA , with slightly different discounts.
    Jerry Jones Says He Appreciates Trump's NFL Input

    Jerry Jones Says He Appreciates Trump's NFL Input

    I think Jason is able to use everything that he's learned, as coordinator, as coach over these last years, and we've just got to get it together. "That was yesterday.
    India Without Doubt A Stronger Team Than Sri Lanka- Kaif

    India Without Doubt A Stronger Team Than Sri Lanka- Kaif

    However, India captain Virat Kohli, on Friday, felt it was time to bring back the Mumbai right-hander. Expressing satisfaction on his efforts, Jadeja said, "I was very happy as to how I bowled today".


Most liked

Facebook notifications to reveal who saw dodgy Russian election ads
Additional steps are required from these tech giants to improve transparency with respect to Russian abuse of their platforms. As it is, users will have to see a story about the tool and opt to head to it and check what they had seen.

Syrian opposition sending united delegation to Geneva
For many years, Western and Arab countries backed the opposition demand that Mr Al Assad leave power. The conflict in Syria, now in its sixth year, has all but frozen amid a series of ceasefires.

Phoenix Thanksgiving Day Heat Ties Record
Dickinson, Williston, Minot and Jamestown also reached record-setting temperatures on Thursday, according to NWS. Fresno reached 76 degrees in the 3 o'clock hour Wednesday, according to the National Weather Service.

Workers warned of 10-year wait for real wage growth
The spending squeeze includes a seven per cut in day-to-day spending on the NHS over the next five years, the IFS added. She said the Government wanted to offer short-term help to people who had been struggling for years to buy a home.

CBS and Dish Reach Agreement to End Blackout
The agreement , reached late Thursday, means Dish subscribers in Boise and other cities once again have access to CBS content. The dispute could also potentially affect the broadcasts of Saturday's Alabama-Auburn game and CBS' NFL coverage on Sunday.

Netanyahu condemns deputy FM for deriding 'convenient lives' of US Jews
Hotovely appeared Wednesday on i24, an Israel-based English-language news channel. In the interview, she also mentioned that U.S.

Dolly The Sheep Did Not Die Because She Was A Clone
She was put down before her seventh birthday after she had developed a progressive lung disease most common in older sheep. There have been claims the process led her to age prematurely and left her vulnerable to diseases linked to ageing.

Malia Obama Is Reportedly Dating British Public Schoolboy Rory Farquharson
She is a young adult and private citizen, and should be OFF limits'. "Let Malia live", activist DeRay Mckesson said. Malia, who has suffered scandals in the past , made waves by kissing Farquharson at Harvard, just days ago .

London Bookie Suspended Betting On Prince Harry, Meghan Markle Engagement
Vanity Fair also reports that last October, Meghan met with the Queen for some tea and she was given the Royal thumbs up. Meghan Markle is reportedly planning her move to London to be with Prince Harry (Photo: Reuters/ Splash News).

YouTube Shutters Popular 'Toy Freaks' Channel for Violating Child Endangerment Rules
Now, the video sharing platform has shared an update and further steps it will take to combat this content being viewed by children.

Continuing Transparency on Russian Activity | Facebook Newsroom
The social media giant has said that potentially 150 million people have seen the Russian-linked content on Facebook and Instagram.

Mesut Ozil: 'I'll Probably Join Manchester United'
The Arsenal pair did show last weekend, though, they are still committed to the cause for now. Monreal is quoted as saying by the Daily Mirror : "The feeling is that they will continue".

Former FCC Chairman slams Ajit Pai's 'hypocritical' net neutrality plans
Now it looks like they will have another: the end of the Federal Communications Commission's push into " net neutrality ". Former FCC chairman had previously warned that replacing FCC with a more lenient FTC, won't be enough to police ISPs.

Billy Baldwin allegation on Donald Trump beating his wife
William "Billy" Baldwin says President Donald Trump made sexual advances on Baldwin's wife at a hotel party in NY . Trump has been vocal about his disapproval of the 30 Rock actor portraying him on Saturday Night Live .

Jose Mourinho fears Marouane Fellaini exit amid Arsenal interest
Jose Mourinho is anxious Marouane Fellaini will leave Manchester United in the summer as contract talks continue to drag on. However, judging by Mourinho's tone, for the time being, it does appear that Fellaini will be a Red no more come summer.